Spain’s Instituto Cervantes for the promotion of Spanish language and culture opened this week its doors at Cloister Building in Gibraltar. The local director of the institute, Francisco Oda said that the centre was ready to welcome everyone now that it had moved to its home in Market Lane.

Argentina’s government is opening a new path to Tierra del Fuego that will give travellers, who once had to pass through Chile to reach the southernmost tip of the continent, the option of skipping Chile altogether.

The UK Government has announced it is to increase funds for South Georgia and the other UK Overseas Territories. On March 10th the UK Secretary of State for Foreign and Commonwealth Affairs, William Hague, announced the increase of the Overseas Territories Programme Fund to £7m per year and a special one off payment of £1 million to GSGSSI this year, reports the March edition of South Georgia Newsletter.

Operations of a joint stock market linking Chile, Colombia and Peru are scheduled to begin May 30. The group, known as the Integrated Latin American Market, or Mila, said Tuesday that the decision was taken following two rounds of successful testing.

Venezuela's nationwide consumer price index (NCPI), prepared by the Central Bank of Venezuela (BCV) and the National Statistics Institute (INE), showed a 1.4% increase in March 2011 compared to February 2011.

The ozone layer has seen unprecedented damage in the Arctic this winter due to cold weather in the upper atmosphere. By the end of March, 40% of the ozone in the stratosphere had been destroyed, against a previous record of 30%.

Spain’s official unemployment advanced for a third month in March, deepening the divide between peripheral economies struggling to recover from the financial crisis and Germany’s booming labour market. It was the worst record for Spain since 1996.